NNN Church's Chicken
10230 Central Ave | Albuquerque, NM
Sq. Feet 30,051
This Roswell, New Mexico Pizza Hut location offers the landlord a brand new 15-year NNN lease with 5% rent increases every five years. La Raza Pizza, Inc. is a large 62-unit franchisee owner between New Mexico, Texas and Indiana. This location is covered by a very favorable long-term franchisee agreement that includes the lowest royalty fees in the Pizza Hut franchisee system. Attractive 7.5% low rent to sales ratio and located on a Hard Corner with traffic counts that exceed 20,000 CPD.
Roswell is a city in, and the county seat of, Chaves County in the southeastern quarter of the state of New Mexico, United States. In 2012, the population of Roswell was around 48,000, making it the 5th largest city in New Mexico. It is a center for irrigation farming, dairying, ranching, manufacturing, distribution, and petroleum production. It is also the home of New Mexico Military Institute (NMMI).
Cap Rate: 6.58% NOI: $105,221 Livable Sq. Ft: 3,239
Built in 2006 units Lot Sq. Ft: 57,934